SEC Filing Summary: RAM Energy Resources, Inc.
Business Context and Reporting Period
This Form 8-K was filed by RAM Energy Resources, Inc. (not Battalion Oil Corp) on March 24, 2011, reporting events occurring on March 23, 2011. The company is incorporated in Delaware and headquartered in Tulsa, Oklahoma.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on executive compensation arrangements.
Material Changes
The primary material change reported is an amendment to the employment agreement of G. Les Austin, Senior Vice President and Chief Financial Officer. The amendment extends the severance benefit provisions of his agreement for approximately one year, effective until April 1, 2012. All other terms of the agreement remain unchanged.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document serves solely to disclose the executive compensation amendment.
Investor Verification Checklist
- Verify the full terms of the Second Amendment to the Employment Agreement (Exhibit 10.11.2) to understand the specific severance conditions.
- Confirm the current status of G. Les Austin's employment with the company.
- Review subsequent filings for any financial impact related to the extended severance liability.